Any business can fail if not well manage. It is one thing to start a business and it another thing for the your business to stand firm for life. These are examples of Nigerian Businesses that Failed Within 5 Years:
Reason why businesses may fail
👉 Poor Customer Care/Support
Customers need proper attention for a business to survive. Without them, your product will fail to exist. When customers are not well treated or appreciated, they often become dissatisfied, leave bad reviews and patronize others.
👉 Mismanagement of Funds
Some small businesses fail because the owners mismanaged the business funds and there was no accountability.
👉 Inadequate Financing
Huge number of entrepreneurs make a common mistake of starting a business with no adequate operating funds. Most small business owner start their business without having enough that can finance the budget of their business. Some start the business with loan with heavy interested.
👉 Poor Business Management
The management play a key role to sustain a business. It comprises of activities such as planning, organizing, staffing, directing, motivating, controlling, co-coordinating and communicating. When a business is poorly managed, its death is imminent. Management
👉 Inability to Communicate Value
Communication is highly important in businesses. This is the only language your customers here. Some small businesses fail because of their inability to clearly define their value propositions — that is, they fail to understand and communicate their products or services to consumers effectively.
👉 Wrong Expectations
Some startup and small business owners expect money to start rolling into their business account immediately with doing little or nothing.
The idea of starting a business with the wrong expectations and impatience has made many businesses to collapse within a short period of time.
👉 No Planning
Most small scale businesses start the business without a concrete plan. They rush into business because they see people make ways from it. To start a business, one need to make proper findings about the business. Failure to plan may lead to the downfall of the business.
👉 Lack of Focus
Investing in many things almost at the same time is not healthy fora business. Engaging in so much things at a time may make them run out of cash. This on the long run will affect the financial aspect of the initial business. At the long run, they end up closing down the business.
CONCLUSION
Establishing a strong and firm business doesn't come easy. It involves patient, time, passion and hardworking. Young entrepreneurs should try to learn from failed businesses and guide themselves with successful businesses.
Many people will not necessarily be lucky enough to experiment with different business ideas because they get trapped by the complexities of day to day life or simply do not have the resources to dedicate to it. The internet has been a great equalizer for people across the world and opened up a whole realm of possibilities for trying new things. The most important thing that an entrepreneur is likely to pick up is failure and perseverance, which means testing lots of different things until you find a profitable recipe for yourself. It also teaches you constant adaptability as the world is often changing and you will need to change along with it. |
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Hey guys! Some of us are occupied in i-Gaming industry, some are just players...but apart from leisure&profession there are still old good offline casinos all around the world. Today Im thinking if visiting an offline casino is out of date or still a good place to visit while travelling? Do you visit casinos when you travel? How often? Which ones? Let's remember of old good times  I actually love checking out new casinos in new places because the few I've encountered while travelling give away all sorts of freebie perks to new players. If you can walk into a new casino, sign up to whatever membership perks they're running, it's quite often possible to walk out a winner by the end of an hour or so playing. If not that, you can usually get free drinks at a minimum. As long as you've got self control it can be quite a profitable endeavor, however if you are easily enticed by flashy lights and lots of buzzing noises - maybe it will be a bad idea to enter. It's a bit of a novelty as well because they can be quite unique experiences outright, especially the largest ones. |
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It appears that we have a new favorite crypto predictor. Our old favorite Tom Lee might have stopped making public predictions on bitcoin after 2018. This might have caused much psychological shock and damage on Tom hehehehe.
Our new favorite predictor is Jim Cramer hehe. Algod, a trader who predicted Terra's collapse, has been countertrading him and he appears to be making good trades.
Whale Who Bet $1M on Terra's Collapse Now Countertrading Jim Cramer
Algod posted an update on their “inverse Jim Cramer” account on Twitter Monday, announcing that they had doubled their profits since the account launched. Algod claims that they startedthe account with $50,000; its net value now shows as $101,440.71 in their post. “Some people work a 9-5 job, i simply just countertrade Jim Cramer… it’s not much but honest work,” Algod wrote.
There’s also an Inverse Cramer ETF Twitter account that likely inspired Algod, where over 84,000 followers track Cramer’s calls to ascertain what to bet against next.
Honestly nobody can predict the future direction of Bitcoin or any other asset. These half baked celebrities are just looking to latch on to something that is current and try to expand their audience in any way possible. They're already rich from other revenue sources and can be pulling all sorts of hidden moves behind the scenes, not to mention their inherent pump-and-dump style of promotion. They're basically byte size versions of Elon Musk but without anywhere near the level of audience that he attracts. Like many people, he picks up on trends that are already "over the hill" and likely to implode - people with their finger on the pulse are making the trades months before him. |
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Hey guys.
Choosing crypto in casinos has always also to do with more anonimous gambling.
Anyway I'm curious how important is anonimity to you when you pay & play?
It does seem slightly unusual for anyone to be using crypto casinos if they live in a country like the UK, America or parts of Europe. You'd always tend to get better odds in your country of residence, after you take conversion fees into consideration. However there are certain cases, like being paid for doing jobs in cryptocurrency or it being restricted in your country due to perhaps some dumb religious leadership. Personally being open with your identity can bring some better perks with it, provided you choose only the most secure casinos who will be storing your sensitive documents, because they tend to be stored for Know Your Customer legislation which is generally reserved for companies in better jurisdictions that can be more helpful if things go wrong. |
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I am not sure what is the agenda here but if you read it closely then it seems that EU's now trying to cease the "settlements" that are being done in the crypto payments for whatever imports and exports that Russia might do/did and somehow they are trying to block the payment pathways so as to stop back doors as well.
However, as far as I understand crypto can't be stopped over a sanction because EU does not control the blockchain and neither they could track down whose payment it is and where is it going?
As long as the payment settler is an entity, registered organization and be involved in the payments directly or indirectly, I am sure they can do so as they will have all the companies domain information and tack them eventually.
But is it real sanction?
Is it really going to affect the crypto transaction for Russia or any entity involved if they are saying so?
In reality it is inevitable that cryptocurrency will get targeted more and more, because it's an easy way to grab headlines for politicians who want to enact further sanctions with little loss to most average people in their country. Along with headlines showing how North Korea is hacking and gathering billions worth of cryptocurrencies, which is being used to fuel large parts of their economy and even nuclear weapons program, this is not the last we will see of bans. Bitcoin's biggest asset is the level of anonymity and transparency that it gives, however that openness across the internet can also be it's major vulnerability for abusive people to transfer cash. |
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Recently, BTRC (Bangladesh Telecommunication Regulatory Commission) has blocked 331 online casino sites in the name of preventing gambling and money laundering. There were a few sites blocked from long ago including crypto casino stake.com though we could access the mirror version of stake through stake.games
Hate to see this to be honest when we have politicians who are almost openly laundering money.
This is typical behavior of many religious driven governments around the world, simple distractions and headline filling publicity stunts to divert attention in the short term. However it doesn't really solve very much and actually encourages wider forms of censorship in this example. That being said, if stake were able to bypass this restrict once then no doubt they will replicate it in this game of cat and mouse. If it wasn't driven by religious ideology it would be more sensible to impose a tax and collect it from their citizens which could put the money to use more productively. Today is it the casinos they block, tomorrow it might be opposition political parties. |
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Hello guys,
Yesterday, October 7 at 12.30 (GMT Time), the US government announced that the unemployment rate had fallen to 3.5% from 3.7% in the previous month.
And that's good news, because it signals that the economy is getting better, with lots of job openings.
But why is the market responding negatively? because when the news was announced, a few minutes later the price of BTC actually dropped by about 3%
There is a lot of weirdness going on in the economy right now and it does feel like the post-Covid bounce is now on it's way out. There is always that point where you at the top of the market and everything looks wonderful, but quite simply wages are not moving up fast enough to wipe out the effects of higher inflation. While we are at peak employment it looks good, but it can also unravel as quickly as it spiked up. We're actually starting to see the number of job openings start to fall as employers get more skeptical about the future and try to rein in their hiring budgets. The next step will be consumers running out of juice due to mortgage and energy costs, then the cutbacks start to ripple throughout the economy into all areas. |
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Hey guys. Apart from winning let's talk about loosing  We all have bad days... So the question is... if you loose many times in a row, what would you like at most - a cashback from what you've just lost or a bonus to go on?In reality it doesn't matter what promotion you get if you're a money losing player, in fact the casino loves to give back money to addicted players because they fritter it all back away to the house instead of cutting their losses. It's self delusion if you're pretending that there is a difference in the way that they try to keep you playing. If you really want to be a winning player you need to be smart, take advantage of the few promotions that are guaranteed to leave you up and accept when the house has got you beat. It is possible to grind out a small and consistent profit with the right gambling strategy, but many people simply don't have the patience and self control. |
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There is a say that 'the rich gets richer and the poor gets poorer'. Retailers are making more profit than the wholesalers and manufacturer during inflation. The poor always buy from retailers because they are the final consumers, while the rich buys in bulk this means they buy directly from the wholesalers. Last week the bakery in my area closed down,due to inflation in flour price,thinking this will be the solution. There was no bread for three days. After three days,the bakery opened and everybody was happy but this time,the bread price increased with 40 naira. A pack of 6 was sold at 410 naira wholesale price,80 naira for one retail price.This shows that the retailer gets 70 naira profit after selling a pack of 6 which is 480 naira. When the bakery reopened a pack of 6 is sold at 450 naira to the retailer, the retailer now sells 100 per one,i.e 600 for the pack.The wholesaler buys from the bakery at the rate of 360 naira for a pack before shutdown and sells 410 naira, after re-open he buys at 400 to sell at 450 naira.
From calculation we can see that before the bakery shuts down,the wholesaler was making a profit of 14% but after the bakery reopened he makes a profit of 12%. The retailer was making a profit of 17% before shut down but after the bakery reopened, he makes a profit of 33% which is almost double of his profit.
Is it that as long as you are selling essential commodities, inflation doesn't affects your business instead you make more profit.
During inflation? Err.. retailers make more than wholesalers all the time. The business of wholesalers is selling in bulk and making their money through shifting stock at a large scale. In fact it is always a tug of war, where retailers are usually able to apply more pressure to wholesalers, in the form of demanding better pricing, because they actually call the shots in this business relationship. Wholesalers often cannot replace their customers easily and will usually accept lower margins to keep business going. For wholesalers they simply have to pass the pressure on to their suppliers or lose a proportion of their revenue. None of this is new and doesn't change much during recession type circumstances. |
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I always consider gaming as gambling I have seen many gamblers spend a lot of money for their character and to level up their account for future profit, like selling their stuff and their character.
If you're a gamer or someone is a gamer and would like to try to gamble in online casinos will it become an easy transition as all the elements of gambling are present when you're a gamer, or does a gamer have to start all over again, and have a different motivation and mindset?
I would say there is definitely some overlaps in the habits that draw a gamer back and how they might react in a casino setting. However with age comes experience, sometimes a few bitter losses are necessary to fully understand how the odds are stacked against you. A real gamer is generally someone who is inquisitive and loves to constantly learn how to get better, so they should be able to identify that gambling activities are tilted in one way and they are destined to be the loser over the long term. However you can also have totally sensible gamers who are able to make a clear distinction between often spending nothing beyond the price of the game itself, simply getting pleasure from playing and sinking regular amounts into a reoccurring place like a casino wallet. |
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Are we heading towards recession or are we in a recession ? According to IMF, International Monetary Find, we are directly heading towards recession and the economy is getting darker and darker. According to them even a positive growth in economy won't feel like a positive growth since : We estimate that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or next year," said IMF Managing Director Kristalina Georgieva during a speech at Georgetown University, CNN reported.
"And, even when growth is positive, it will feel like a recession because of shrinking real incomes and rising prices." World can be expected to loose 4 trillion apparently between now and 2026, which is a huge amount. This was already expected to happen the shock waves of the Pandemic, then the War and then Natural disasters in certain Countries. Not only that, we cannot even lay our hands on the risk assets as well : Overall, the economic environment for risk assets is deteriorating. Stagnating global industrial production, persistent cost pressures, and rising financing costs all suggest a prolonged period of low risk appetite Which means : Bonds, commodities, real estate may all fall drastically as well. How can we make sure to survive the fall ? - Can cryptocurrencies work in this environment? -The current ups and downs in cryptocurrencies have certainly made it hard to breathe for the investors -What can we do to make sure we survive the whole economic recession? ( Certainly don't put all your money in the banks ) Read the full article here : https://www.google.com/amp/s/www.zeebiz.com/economy-infra/world-economy/news-world-could-lose-4-trillion-in-economic-output-between-now-and-2026-worth-size-of-german-economy-imf-202209/amp It's been said for some time now that a recession is around the corner and it is just about to hit. There was definitely a post Covid boom, but with the Russian war on Ukraine that has thrown everything back out of order after two years of slow recovery. China is still attempting their crazy zero Covid experiment at the same time, which is really not helping the situation and can result in megasize cities going into lockdown overnight on a regular basis. That is simply unsustainable disruption to all kinds of supply chains, but maybe it'll change when dictator Xi Jinping has his little ceremony again this month. Hopefully Russia will simply leave Ukraine and thing can start to go back to normal soon, which might help stabilize the situation, but it feels like wishful thinking. |
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An automatic response to a simple stimulus which does not require mental processing is known as reflex. Gambling involves factors which entices people to spend more time and money than intended thereby neglecting friends and family, skipping classes or work in order to gamble.
In reflex gambling, however, it is simply gambling without prior thoughts to variables involved all due to the brains response to a gambling stimuli.
It is known in gambling that, whether one wins or lose, the brain releases chemicals like adrenalin and endorphins which gets one excited. One may want to play again to try to get a different score or outcome - and end up making some decisions they wished they hadn’t made.
So, for a friend, roommate or family member who gambles at the slightest impulse, these tips should be kept in mind:
• Set and stick to time and money limits.
• Prioritize responsibilities such as classes or work over gambling.
• Be aware of signs of a problem like lying about the amount of money or time spent, withdrawing socially from friends and family, and negative effects to mental or physical health.
• Use money set aside for entertainment, not for rent, tuition or other bills.
• Spend time doing other activities, not just gambling.
• Remember that mixing gambling with alcohol or drugs can be risky also.
If gambling becomes anything more than an afterthought in your downtime, maybe you are playing too much. It's very easy to get drawn in and hooked to games like poker, which unless you are carefully managing your finances can be a big money sink as there are a lot of expert players out there who will slowly deplete any money that you put in. You should definitely also have an understanding of the odds involved in your games in choice, because generally you will never beat "the house" aka the casino in casual games like slots. If you think you are the lucky or that you are somehow "due for a win", then it's time to evaluate your whole psychology and stop. |
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Crude oil has dropped below $100, the first time in months after touching the highest level since 2009, at $130/barrel. Oil prices have dropped the past two months, with both Brent and WTI Crude trending below the $100 level ($91 for WTI and $97 for Brent oil). According to Oilprices.com, consumers have already seen a slight relief in gas prices, dropping from the historic average of $5/gallon down to $4.16.
Haven't checked in other European countries, but in Greece it has only dropped a few cents till now, I'm expecting it to drop within the next week though (from €2.45 to €2.20 in my area at least). It is believed that oil could fall below $90 if inflation persists, something which is highly unlikely to change since it simply keeps rising, driving leading to large price increases in basic necessary goods.
Have you seen any significant drop in gas prices in your area? Will oil drop even further, despite the ongoing war?
It's nice to see oil prices continuing to trend down, as they are funding some pretty despotic regimes right now and the sooner the world is free of oil the better the environment is likely to end up. If you think about Saudi Arabia for example, it has been ruled by one family and essentially cowed by the religion that they support for many decades. That money is able to buy a lot of oppression and we see it even start to strike overseas like the murder of the journalist in the Saudi Embassy in Turkey. While the resources used for solar engineering can be a bit dirty to extract, in the long run they should pay for themselves much more economically than the equivalent oil extraction and last much longer too. |
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I believe everybody has their worst day in gambling especially if you started gambling early maybe in your teenage age. My worst day was when I used my school fees to gamble because I thought I will make more money to take care of some of my needs in school. At the beginning I was making profit for 2hrs,I was carried away with the anxiety of winning but later the game turned round and I was losing and losing,I didn't quit hoping I will recover my lost. Before I knew it I was left with 10% of the money I started with, I couldn't just quit the game then because I still feel I will start winning again but luck failed me and I got drained of all I have on me.
Two weeks later it was announced in school that we only had one more week left for closure of school fees payment, I tried borrowing, seek for help everywhere but nobody could help me with the money. This was how I couldn't pay my fee for that semester and went home with carry overs after the end of the semester as I was not allowed to write some exams.
How about you do you had a worst day on gambling that you will never forget ?Did it affect an aspect of your life and how ?
My worst day in gambling only had one small and possibly positive effect on me: It made me re-evaluate and analyze how wasteful it can really be, which stopped me going back to it on for a few weeks. After that there was a kind of self-promise never to throw away that rather low sum of money betting again, instead of betting $100 in one day now, the maximum that I tend to go with would be $10. In a way losing that larger amount have saved me many times more money than what actually happened on the day. So you definitely need to keep your losses small and always think about your gambling stakes, no matter how much money you might have in the bank. |
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Hello guys,
Yesterday, October 7 at 12.30 (GMT Time), the US government announced that the unemployment rate had fallen to 3.5% from 3.7% in the previous month.
And that's good news, because it signals that the economy is getting better, with lots of job openings.
But why is the market responding negatively? because when the news was announced, a few minutes later the price of BTC actually dropped by about 3%
We have been in a very strange limbo type state in the last year, there had been a massive positive trend in the economy that was occurring off the back of exiting Covid times - plenty of jobs to go around and lots of accrued savings that needed spending. It feels like we're at the point where everything is just running on fumes and is very shortly about to fall off a cliff. The economy has been doing all kinds of crazy things but was severely upset after Russia invaded Ukraine - damaging the prospects of both countries. Ukraine exported very many raw materials and Russia was a large supply of oil & gas. This jacked up prices and has been hard to balance back out in the short term. |
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Hi guys I know That it silly thing because gambling is a thing in which only casino wins
.and a user will always loose it's money. And gambling makes people poor and drain everything from money to joy. And that sucks.
In 2017 I was introduced by Bitsler.com
This website took me at least 2000 dollars a that time. There was a time when I have at least 3 ETHER at the rate of dollars. And I regret that day when I lost everything. And that took my life from me. And that was the was the day I never entered this type of scams ever. And I know people will say that we become greedy. But system is designed I n such way that it took people money and everything that we had. And I know it just that hard.
That is a big claim to make and maybe one that is defined from your own personal bitterness after losing a such a large sum, rather than one that is defined by actual reality. No doubt there are plenty of opportunistic scam type casinos and sportbooks out there, but if you stick with any of the big names here that have many good reviews (avoiding 1xbit/1xbet) then you are unlikely to have any problems. Unfortunately people seem to associate losing money to casinos with casinos being a scam. That comes down to a simple misunderstanding by the end user that almost every single game is calculated to take your money in the long run, just like winning at a lottery, it is an insignificant percent of people who will actually walk away with big winnings - if they're able to pull themselves off the site after a big win. |
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Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
It really depends on how you are acquiring Bitcoin and what you wish to buy on whether it makes sense to spend it. If you're getting paid in Bitcoin, you could potentially save a little bit in fees by buying something directly from your wallet rather than going through an extra step of converting it back to fiat. If you're buying it with fiat specifically to get items then it seems kind of wasteful unless there is a specific reason to add the extra step, maybe your country has problems with payment systems and this might be the only way to get around it. Alternatively the object you want to buy might only be sold with a Bitcoin price, forcing you to use that payment method. |
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Why aren't gambling websites using bug bounties to test-run their platform security? I haven't seen any gambling platform doing this, maybe that's why most gambling websites became prone to hacking? If I am wrong what gambling project do you think have the most secured system?, peace.
I think it's a bit of a novelty and consequence of them relying on such an anonymous form of currency. If a "whitehat" hacker really wants to get a reward for finding a bug, contacting the support team and asking to speak to someone involved with security might illicit the same sort of response as any bug bounty page. On the flip side, it might be more apt for someone who wants to help to seize the funds directly via the exploit because they could be taken by a criminal who would not be so willing to return them at any point. We never hear about hacking activity taking place, as it would ruin such a site but it does seem like a bug bounty program would be sensible to offer. |
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This is something that I can't still understand, why is there so much pressure to tip in restaurant, in taxi, tip to the delivery guy, etc.
They are doing their job, right? If they are getting low salary from the company and can't live without tips, that's not my fault. The business model that restaurants have is that they pay very low salaries to their employees and get most of the profit in their own pocket. Why is it socially accepted in western countries? Especially in the USA and Canada? Instead of social pressure to leave tips, why isn't there pressure on business owners to pay them more? Why is it socially accepted that pig businessman should get high profit, work his employees on low wage and the customer should compensate it?
Why do we tip people who work in restaurant, delivery, barbershop, etc instead of people who work in constructions? I have never seen anyone tipping to someone who works as a manual laborer. Do you guys really think that manual labor is easier than being a waitress? Or a delivery guy? Or do you think that they are paid higher? Manual laborers are working very hard with very little wages, their wages can be smaller than the wages of people in service industry. Also, working in manual labor is very dangerous for health and most of them have health problem while they aren't offered insurance and other benefits.
It's unfair that people in service industry are tipped but people in manual labor - not. And if the manual laborer somehow managed to go in restaurant, some shit waitress will get mad if he won't tip her.
You should not conflate the tipping culture in America with the tipping culture in somewhere like Europe, as the two are vastly different. I haven't even been to America recently, but you can judge from TV shows that they essentially vastly underpay workers in certain sectors and require it to be topped up by this enforced tipping culture. If you're a service worker, you've already got a tough enough job without having to go over the top and act ridiculously kind in order to make a minimum wage, it just makes the whole situation so faked. Europe on the other hand, tipping is very much optional in most situations, certainly not expected or demanded like it is in the USA. Some situations may even cause offense at the suggestion and get it rejected. |
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As a gambler considering a country to visit as a tourist, this interesting article talks about the casino life and legal gambling age in some various popular travel destinations.
If your country is not included but is a travel destination, you can provide a review of the gambling activities in your country for the benefit of gamblers who may want to choose your country as a travel destination
That's a great collection of information and it's really interesting to see how different countries deal with gambling. I think different cultures certainly can accommodate it more easily than others, it's a great surprise to see somewhere like Japan is fairly restrictive about casinos and it's clearly just driven underground instead - feeding an even worse criminal element. I'm not sure I like the model of Singapore and Australia, because concentrating that much money into the hands of single companies feels too much like a monopoly, it has also been abused for things like money laundering that was discovered in one of Australia's biggest casinos and caused a huge scandal (you'd think it would be easy to detect with fewer outlets). |
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